During the week ending December 1, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though indicating rises in Zibo and Tangshan. Transaction activity in the overall market has been at low-to-medium levels. As of December 1, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 2,194/mt ($325/mt), up $5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have generally remained at low levels, though in some regions coking plants have increased their utilization rates slightly. In some regions, coke prices have moved up, resulting in the improved profitability of coking plants, which, however, are under strong pressure from environmental protection measures and so their utilization rates are unlikely to increase significantly. Meanwhile, inventory levels of coke have decreased, providing support for coke prices. It is thought that coke prices in the Chinese domestic market will move up in the coming week as inventory replenishment is expected to gain momentum.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,560 |
236 |
0 |
|
Zibo, Shandong |
1,750 |
265 |
↑200 |
||
|
Pingdingshan, Henan |
1,670 |
253 |
0 |
||
|
Tangshan |
1,765 |
267 |
↑150 |
||
|
Huaibei, Anhui |
1,900 |
287 |
0 |
||
|
Average |
1,729 |
262 |
↑70 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.61